Sales Up 6% at P&G

The Procter & Gamble Company (P&G) delivered net sales growth of 6%to $21 billion for the October – December quarter.

“We are pleased with the top- and bottom-line underlying results for the quarter,” said Chairman of the Board, President and Chief Executive Officer Bob McDonald.”Our investments in innovation, portfolio expansion, marketing support and consumer value are working.We continue to drive simplification and leverage our scale to create cost advantages and accelerate growth.While economic uncertainty remains, we’re confident these strategies will enable P&G to serve more consumers in more parts of the world, more completely and deliver profitable market share growth.”

Beauty net sales increased 7% in the second fiscal quarter to $5.2 billion. Fabric Care and Home Care net sales grew 9% to $6.3 billion.

Net sales growth is estimated to be 3-6% for fiscal year 2010.